Carlyle Buys 10% In Infotech Enterprises

US private equity firm Carlyle Group has bought about 10 per cent stake in Indian IT services firm Infotech Enterprises for about $37.93 million, exchange data showed.

Carlyle bought about 11.1 million shares at an average price of 190 rupees a share through its unit One Carlyle Ventures Mauritius, according to the exchange data.

Carlyle, which has assets worth $159 billion (Rs 884,040 cr) under management globally, has invested $800 million (Rs 4,448 cr) in India so far, including investments in top mortgage lender Housing Development Finance Corp, India Infoline and Edelweiss Financial Services.


(Reuters)